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Forex Trend Analysis Report

Prepared for you on Sunday, February 28, 2021.

Saudi Arabian Riyal/Japanese Yen (FOREX:SARJPY)

Long-Term Uptrend (+90) - SARJPY is in a strong uptrend that is likely to continue. While SARJPY is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SARJPY?

MarketClub looks at technical strength and momentum to determine if the timing is right for SARJPY.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SARJPY
Open High Low SARJPY Price Change
28.302552 28.443913 28.294029 28.409979 +0.107427
Entry Signal

MarketClub’s Trade Triangles for SARJPY

long term up The long-term trend has been UP since Feb 5th, 2021 at 28.172723

intermediate term up The intermediate-term trend has been UP since Jan 11th, 2021 at 27.751701

short term up The short-term trend has been UP since Feb 24th, 2021 at 28.207644

Smart Scan Analysis for SARJPY

Based on our trend formula, SARJPY is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SARJPY
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
28.302552 28.443913 28.294029 28.409979 +0.107427
Prev. Close Volume Bid Ask Time
28.302552 2021-02-26 16:18:27
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